Caterpillar Whale Trades For September 27

Caterpillar Whale Trades For September 27

Someone with a lot of money to spend has taken a bearish stance on Caterpillar CAT.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CAT, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 19 uncommon options trades for Caterpillar.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.

Out of all of the special options we uncovered, 17 are puts, for a total amount of $968,262, and 2 are calls, for a total amount of $365,125.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $330.0 for Caterpillar over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Caterpillar options trades today is 704.69 with a total volume of 1,158.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Caterpillar's big money trades within a strike price range of $115.0 to $330.0 over the last 30 days.

Caterpillar Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CAT CALL SWEEP BEARISH 12/16/22 $160.00 $255.1K 32 1
CAT PUT SWEEP BULLISH 10/07/22 $175.00 $137.0K 630 103
CAT PUT SWEEP BEARISH 10/21/22 $160.00 $132.7K 2.0K 70
CAT CALL SWEEP BULLISH 10/21/22 $167.50 $109.9K 78 281
CAT PUT TRADE BEARISH 10/21/22 $170.00 $100.0K 3.2K 111

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CAT CALL SWEEP BEARISH 12/16/22 $160.00 $255.1K 32 1
CAT PUT SWEEP BULLISH 10/07/22 $175.00 $137.0K 630 103
CAT PUT SWEEP BEARISH 10/21/22 $160.00 $132.7K 2.0K 70
CAT CALL SWEEP BULLISH 10/21/22 $167.50 $109.9K 78 281
CAT PUT TRADE BEARISH 10/21/22 $170.00 $100.0K 3.2K 111

Where Is Caterpillar Standing Right Now?

  • With a volume of 1,623,779, the price of CAT is down -0.91% at $161.14.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 30 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Caterpillar, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets